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Monjasa reports strongest rise in demand during 12 years at Port of Singapore

29 Sep 2020

Global oil and shipping group Monjasa Ltd on Monday (28 September) said while it works across niche markets like Vietnam, Thailand and South Korea, the Port of Singapore is actually where it sees the most significant rise on the demand-side. 

“During our 12 years in Singapore, we have never recorded a stronger demand for our products and services than now,” said Morten Jacobsen, General Manager in Singapore.

“So far, we have welcomed 22% more new customers and supplied close to 50% more volume across SoutheastAsia compared to last year. 

“Besides pricing, full visibility on sourcing and supply has a growing importance to our partners and we are pleased to see that our efforts are appreciated.”

Monjasa added it has a team of 10 traders working in Singapore and Vietnam in collaboration with Monjasa sister offices in other time zones.

The company noted that Singapore is the world’s largest bunkering hub and industry leading on high regulatory standards.

In 2019, Monjasa supplied a total of 517,424 tonnes of marine fuels across Southeast Asia.

Photo credit: Monjasa
Published: 29 September, 2020

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